10% VAT Exemption on the Publication of "Philippine Daily Inquirer"
BIR Ruling No. 238-88 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jun 6, 1988
Full text
June 6, 1988 BIR RULING NO. 238-88 103 (f) 97-88 238-88 Gentlemen : This refers to your letter dated February 4, 1988 requesting in effect exemption from the payment of the 10% value-added tax on your publication "Philippine Daily Inquirer" In reply, please be informed that a perusal of the abovementioned publication shows that it appears at regular daily intervals with fixed price for subscription and sale; that it is not devoted principally to the publication of advertisement and that it contains editorial, news and other featured articles. Accordingly, your said publication is exempt from the 10% value-added tax pursuant to Section 103(f) of the Tax Code, as amended by Executive Order No. 273 and implemented by Revenue Regulations No. 5-87. cdta Very truly yours, (SGD.) BIENVENIDO A. TAN, JR. Commissioner
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